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Nov 26, 2012
11/12
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but all of the other tax changes would be for next year's taxes, not this year's taxes. so you don't see that immediate impact. and then the stupid across-the-board cuts, congress should revisit that. we could find reductions of $100 billion that aren't across the board where you cut things that are useful and working well as much as things that are losers and go away. >> so under your theory and that of several ores, there's not as you referred to an economic calamity. but you and i both know for example wall street. we keep hearing these business leaders and so many others are nervous and we could see an immediate reaction there if some type of deal is not reached before january 1st. >> sure. the millionaires and billionaires, they've got a sweet deal now. they will make a lot of noise to say, raise my tax rates and i'll stop investing. of course, these are the same people who spent $400 million, $500 million to get a president hired that would cut their taxes. >> it would certainly affect it if the white house is saying you'll go off this cliff. you're looking at them
but all of the other tax changes would be for next year's taxes, not this year's taxes. so you don't see that immediate impact. and then the stupid across-the-board cuts, congress should revisit that. we could find reductions of $100 billion that aren't across the board where you cut things that are useful and working well as much as things that are losers and go away. >> so under your theory and that of several ores, there's not as you referred to an economic calamity. but you and i both...
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Nov 23, 2012
11/12
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all we're fighting over now is tax rates on the top 2% of earners. this seems like something seems as if also based on what i've read and listening to the president and speaker boehner, it also seems as if both sides are trying to position themselves alluded to bases, trying to position themselves to save some face with their respective bases. trying to figure out how they keep the rates intact but also generate more revenue. you alluded to it. i want to put up a screen here. a full screen but "the new york times" reporting today, one suggestion being floated increasing taxes, keeping the rates the same meaning, for instance, that the entire of someone making 400,000 will be taxed at the top rate. is this something that would be acceptable at all? >> no. again that's what i was describing earlier. all that does is raise taxes about $30,000 regardless of how much money you make. people making 10 20 $50 million, would only have to pay $30,000 more. that's just like, you know, a nice dinner for some of those people. >> that's a heck of a dinner. >> this
all we're fighting over now is tax rates on the top 2% of earners. this seems like something seems as if also based on what i've read and listening to the president and speaker boehner, it also seems as if both sides are trying to position themselves alluded to bases, trying to position themselves to save some face with their respective bases. trying to figure out how they keep the rates intact but also generate more revenue. you alluded to it. i want to put up a screen here. a full screen but...
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Nov 23, 2012
11/12
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taxes, that challenge is going to be to find a way to increase taxes on the wealthy. to increase taxes on higher earners without increasing the rate. that would be a win win for both sides. the question is, how do you do that? one option, to potentially roll back tax breaks that wealthier americans and corporations are given. they're batting a couple of ideas around. one thing that is giving folks hope, the fact that house speaker john boehner and eric cantor seem to be working more in lock step now than they were during the summer of 2011. if that holds, it really could help the house of representatives to get on 3w0rd of some type of idea. >> we've heard from chairman bernanke and others. how much of a factor will the fed and the ceos of all these major companies be as we get closer to this major deadline? >> one of the questions is how do people react where all these tax increase, all these spending cuts take effect. if there's no deal in the middle of december, say, do we start to see some real impacts? do companies start slowing their capital spending plans, do t
taxes, that challenge is going to be to find a way to increase taxes on the wealthy. to increase taxes on higher earners without increasing the rate. that would be a win win for both sides. the question is, how do you do that? one option, to potentially roll back tax breaks that wealthier americans and corporations are given. they're batting a couple of ideas around. one thing that is giving folks hope, the fact that house speaker john boehner and eric cantor seem to be working more in lock...
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Nov 28, 2012
11/12
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around is the gas tax. people assume that the money when they pay at the pump and goes into the highway trust fund it will be used to build roads and bridges to maintain. that is popular thing. people think we need that. so to me it is deceptive to load the extravagance of the obama administration to be paid off by people paying a gas tax. melissa: yeah. >> they did it, probably didn't know this. they did it in 1990. did in 1993. about a nickel increase each time. at that time almost doubled the gas tax. melissa: so incredibly gressive. hits the exact people they talk about protecting and that democrats talk about protecting last election. it goes right after, it hits the middle class and lower income people the hardest of course because it is incredibly regressive. let me ask you, i feel like today when i was hearing talk about trying to close this gap we're looking under every oke for more money and more tax revenue. doesn't seem like we're cutting spending very much s that the right impression. >> keep i
around is the gas tax. people assume that the money when they pay at the pump and goes into the highway trust fund it will be used to build roads and bridges to maintain. that is popular thing. people think we need that. so to me it is deceptive to load the extravagance of the obama administration to be paid off by people paying a gas tax. melissa: yeah. >> they did it, probably didn't know this. they did it in 1990. did in 1993. about a nickel increase each time. at that time almost...
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producing a fifth of the country's economic output but it pays around sixteen billion euros a year more in taxes than it gets back in madrid which has in turn insisted public services into austerity cuts. this is not fair i mean we are the ones who're. doing our best in a mechanical reasons we cannot have all the weight of this measure and the central government that for us is the one who is spending the most and not in the last september barcelona witnessed one of the largest separatist rallies here since the nineteen seventies over one and a half million catalans took to the streets to call for independence but the path to becoming a new european state is far from smooth the proposed referendum is against the spanish constitution what's more withdrawing from spain could also force this region to drop out of the european union those against separatism believe it could do more harm than good. separatism britain alone you know would be an economic disaster multi-national companies located in brazil for access to the spanish work it being in the e.u. that would be lost which more even of separatis
producing a fifth of the country's economic output but it pays around sixteen billion euros a year more in taxes than it gets back in madrid which has in turn insisted public services into austerity cuts. this is not fair i mean we are the ones who're. doing our best in a mechanical reasons we cannot have all the weight of this measure and the central government that for us is the one who is spending the most and not in the last september barcelona witnessed one of the largest separatist...
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Nov 23, 2012
11/12
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it would allow people with funds in switzerland to remain anonymous, paying a retroactive flat tax rate to avoid further scrutiny, but the government says the swiss agreement is the best deal anyone can expect. >> we will not find a better way of collecting unpaid taxes from the past. switzerland promised customers confidentiality, and it will not abolish that retroactively. >> even so, these demonstrators outside the assembly welcomed the vote. now it is back to the drawing board to find a way to get germans with swiss bank accounts to pay up. >> this is a real hot button issue in germany right now. let's go to our chief political correspondent. the swiss are not happy at all about this. the treaty, for them, they say is being held hostage to domestic german politics. >> yes in deed -- yes, indeed. we have elections coming up, and tightening the screws on rich tax evaders is a subject that lends itself to some populist grandstanding. both the opposition parties, though -- the social democrats and the greens -- deny that this is about the elections for about politics -- party politics.
it would allow people with funds in switzerland to remain anonymous, paying a retroactive flat tax rate to avoid further scrutiny, but the government says the swiss agreement is the best deal anyone can expect. >> we will not find a better way of collecting unpaid taxes from the past. switzerland promised customers confidentiality, and it will not abolish that retroactively. >> even so, these demonstrators outside the assembly welcomed the vote. now it is back to the drawing board...
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Nov 29, 2012
11/12
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KPIX
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scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on law
scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending...
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Nov 27, 2012
11/12
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next year's taxes. not this year's taxes. you don't see that immediate impact. >> eliot: i'm joining joined by bernie sanders. welcome. >> thank you. >> eliot: do you think the hold has been broken. >> it does appear that is the case. after the election after poll after poll after poll some republicans are catching on to the idea that you can't get out of the deficit crisis just by cutting, cutting cutting and we all will have to raise taxes. >> eliot: of all the permutations that you've heard of the ideas being floated around, is there any deal that is likely to be agreed upon that you can vote for at this point ifin time. >> to be very honest, eliot i get a little bit nervous. i get nervous that instead of bringing back the old clinton era tax rates for the wealthyiest people 39.6, there may an way to wiggle out of that, i get nervous when i hear the president and others continue to talk about quote/unquote entitlement reform, which i'm afraid is just another word for cuts in medicare and medicaid, an
next year's taxes. not this year's taxes. you don't see that immediate impact. >> eliot: i'm joining joined by bernie sanders. welcome. >> thank you. >> eliot: do you think the hold has been broken. >> it does appear that is the case. after the election after poll after poll after poll some republicans are catching on to the idea that you can't get out of the deficit crisis just by cutting, cutting cutting and we all will have to raise taxes. >> eliot: of all the...
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Nov 27, 2012
11/12
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FOXNEWSW
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they want bigger taxes, bigger government. for example, take a look. >> if despite the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will have an impact on business planning and hiring, and we can go back into a recession. >> sean: republicans hate big beared and santa claus. don't buy this hype, such as letting the bush cuts expire, are not the answer to tackling this deficit. in fact, during the 2012 fiscal year the federal government cost $9.7 billion to run each and every day, but the additional revenue from letting the bush tax cuts expire only amounts to around $82 billion a year, meaning the government would be funded for a whopping 8.5 days if in fact the president wins thi
they want bigger taxes, bigger government. for example, take a look. >> if despite the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will...
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Nov 25, 2012
11/12
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with tax hikes if a bush tax cuts expire. tell me about how the political file would be sliced? they want to protect the entitlement programs because of the people who depend on them. by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the spending curves of social security and medicare and medicaid and see that they are going towards bankruptcy. social security for example right now congress has for so long been stealing money from the social security fund. we are years away from that flipping so that your taxes to pay social security. >> let me jump in. i understand that argument as well in terms of having the entitlement programs basically bankrupt the system. not saying the gop wants to cut it across the board they want to limit it. talk to the people, though, we start to hear social security going out the window and some of the e
with tax hikes if a bush tax cuts expire. tell me about how the political file would be sliced? they want to protect the entitlement programs because of the people who depend on them. by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the...
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Nov 26, 2012
11/12
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KTVU
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and now they want to raise taxes on the wealthy while republicans done while capping certain reductions. >>> police officers can start applying and at 8:00 a.m. they will begin accepting applications for entry level officers. they must be at least 20 years old and have a valid california driver's license or equivalent. the application will start december 7th and starting salary is 88,000 dollars a year. in the city of antioch, we offer a new incentive to apply to its police force and they are set to apply tomorrow to change the formula for transfers for existing officers. he had a pension of 3% of last year's salary times the number of years they worked for the department. he has 14 vacant positions. >>> and car buffs are hitting show rooms next year. they are in san francisco showcasing 39 auto makers and it is the 55th year event and they can test drive some of the newest models. the show opens until 8:00 and tickets are $9. >> 4:45, just the fog out there is really dense out there and it is really bad. >> hey, tara. >>> across the bridge, there is a really good chance you will run in
and now they want to raise taxes on the wealthy while republicans done while capping certain reductions. >>> police officers can start applying and at 8:00 a.m. they will begin accepting applications for entry level officers. they must be at least 20 years old and have a valid california driver's license or equivalent. the application will start december 7th and starting salary is 88,000 dollars a year. in the city of antioch, we offer a new incentive to apply to its police force and...
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Nov 23, 2012
11/12
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FOXNEWSW
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obamacare aboutsed more two years ago, unfolds in january with new taxes and exchanges ready in october 2013. analysts, however, say the federal government is way behind. >> there wasn't a lot of thought given to obamacare by a single entity making sure the pieces fit together. it was put together by a bunch of special interests and that's why you get this goldberg contraction. >> and just this week the administration finally laid out what it called essential benefits something that insurance companies must have to structure and price their health care plans. the administration is pressing its luck though, because insurance companies normally need more time than the few months left. >> if they're going to stand this up in 11 months, they are pretty close to the wire of having run out of time to do it. >> what it typically takes anywhere from a year to year and a half for an insurance company to develop new policies, get them approved by regulators and develop all the materials needed to sell them to consumers. >> many other parts of the new law, however, have not been completed. in addi
obamacare aboutsed more two years ago, unfolds in january with new taxes and exchanges ready in october 2013. analysts, however, say the federal government is way behind. >> there wasn't a lot of thought given to obamacare by a single entity making sure the pieces fit together. it was put together by a bunch of special interests and that's why you get this goldberg contraction. >> and just this week the administration finally laid out what it called essential benefits something that...
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Nov 26, 2012
11/12
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expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that won't materialize later. the american people have seen that game before. they won't be fooled again. >> the top republican on the senate budget chel explained the g.o.p. plan to bring in mo
expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the...
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Nov 25, 2012
11/12
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what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both parties. the one tax that goes up january 1, if there's a deal s payroll tax, which i think is wrong. republicans have a opportunity to be champions of the working class. >> kirsten, some democrats a saying let's go over the cliff. everybody's tax rates are going to go up and then the president in january can go to congress and say now it's 39.6% and whatever it is for middle class and i'll present a plan that will cut the tax rates of 98% of people, are you prepared now, when the rate is already up, to oppose that? >> the problem with that plan is it's dangerous because we don't know how
what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both...
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Nov 27, 2012
11/12
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CNNW
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no new taxes pledge. you said earlier in your career, you told cbs morning news earlier today and i'm quoting now, you said you're not obligated on the pledge adding the only thing that i'm honoring is the oath that i take when i'm sworn in this january. so what exactly did you mean by that? did you suggest, did you mean that under certain circumstances you'd be ready to accept an increase in tax rates for the wealthy? >> well, i was just elected, as you know, re-elected, and our campaign materials during the campaign spelled out that the only pledge i would be honoring would be the pledge of the oath of office that you make when you're sworn in. that's what my comments meant. look, i think republicans have shown a willingness to look at revenues as long as we have entitlement reform. those are the two ends of the spectrum, wolf. it appears that speaker boehner has been shown flexibility on revenues and the president on sbimgtsmentes. the point of my op-ed this morning in the "washington post," is look, i
no new taxes pledge. you said earlier in your career, you told cbs morning news earlier today and i'm quoting now, you said you're not obligated on the pledge adding the only thing that i'm honoring is the oath that i take when i'm sworn in this january. so what exactly did you mean by that? did you suggest, did you mean that under certain circumstances you'd be ready to accept an increase in tax rates for the wealthy? >> well, i was just elected, as you know, re-elected, and our campaign...
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Nov 24, 2012
11/12
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KQEH
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among other things, you're saying taxes should go-- in other words, the bush tax cuts should be allowed to expire on everyone under $500,000. which is more than what the president is saying. he's saying it ought to be at 250. yet difference? and have you tukd him about that? >> sure, yeah, yeah, it was over 500, not under 500. yeah, i-- that position, judy, is one that i put on the table a year ago. and i'll tell you why. there isn't anything sort of theological about the $500,000 number. it's just a compromise. the democrats' position has been tax cuts to expire over 250. the republicans' position has been make all the tax cuts permanent. so a year ago i put a of a compromise on the table. if that compromise were accepted, it would raise $500 billion in revenue over the next 10 years, which would take the potential trillion-dollar sequester and cut it in half. and there arar a couple of other steps i put on the table during the campaign as well that would reduce the need to find savings that would shred the safety net or hurt the economy. i am really heartened by the of discussion that
among other things, you're saying taxes should go-- in other words, the bush tax cuts should be allowed to expire on everyone under $500,000. which is more than what the president is saying. he's saying it ought to be at 250. yet difference? and have you tukd him about that? >> sure, yeah, yeah, it was over 500, not under 500. yeah, i-- that position, judy, is one that i put on the table a year ago. and i'll tell you why. there isn't anything sort of theological about the $500,000 number....
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Nov 24, 2012
11/12
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a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one killed in clashes with police who fired tear gas into the crowds. the unrest began after he issued a series of orders which allow him to run the country unchecked until a new constitution is written. morsi says his actions are meant to speed up reform and achieve political and social stability. >> translator: i have said beforened i repeat again, that i would never use a legislation against individuals, parties, men, women or muslims or christians for personal gains and to settle scores. >> now, this is all very problematic for the white house. just two days ago, president obama
a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one...
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the words how we are in a strong economy what happens is that each year believe we live facing this tax burden from the spanish state on a spanish state machinery are trying to fear campaign cancel and so we are european see the science and know there's not such press of that that we would be out of the european union seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out at it's not a consideration we don't believe we're going to be out of the european union like a scotland are not going to be outside european union just because we are exercising universal rights as is the universal right of subtlety of nation which took our democracy here. coming up in a few minutes it's made of only modern tie is but office opportunity he pulled from a makeshift better ones like jerusalem that on the verge of demolition taking children only place to study that's not a short break and there are not too. waves of corruption are rocking in russia hundreds of millions of dollars vanished from apec building projects an
the words how we are in a strong economy what happens is that each year believe we live facing this tax burden from the spanish state on a spanish state machinery are trying to fear campaign cancel and so we are european see the science and know there's not such press of that that we would be out of the european union seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out at it's not a consideration we don't...
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Nov 24, 2012
11/12
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obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want to talk about taxes. let's also take a look at entitlements and speppeding cuts and so far, the white house hasn't put forward anything on paper that they are willing to discuss. >> that is one of the hardcore issues here. there is an idea coming from the democrats we are going to raise taxs and off set it by raising taxings. we have a staggering economy and unemployment and we'll hit 50 million americans on food stamps and no end for that number to constantly grow even as unemployment rates went down. we are adding to people on food stamps which doesn't make sense. how do youriform th
obama's plan to keep the taxes low bush tax cuts and obama tax cuts. to keep it low. i think it should be agreed to right along the wape discuss whether or not the millionaires should pay the clin ribiton tax rates. millionaires themselves n and polls show they need to pay more taxes and percent of the americans believe they need more taxes and lowest tax necessary 80 years and we have a high deficit. they can afford to pay more. >> the fact is, many republicans are saying okay. we want...
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Nov 26, 2012
11/12
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KTVU
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between the expiration of the bush tax cuts and higher taxes, for obamacare, the top capital gains rate will jump from 15% to 23.8, and listen to this: the top rate on dividends will jump from 15% to 43.4. how are, mr. sweeney, investors reacting to those possible, very stiff tax hikes? >> well, to that point, you want some clarity and whether the clarity comes in your personal economy at home, whether, you are a ceo or cfo of a corporation you want clarity how to spend the cash you have accumulated on your balance sheet or, if you are the government you want to figure out how to impact the spending you have at the federal level as well. americans are looking for clarity, so they can make the decisions, and, in terms of purchasing short-term christmas gifts for the next selling season or whether, again, if you are a ceo and trying to think of investing in a plant or hiring new people -- >> if i may, sir, specifically, if you have a stock and you see your capital gains, if you sell the stock, could go from 15% to 24%, at the -- on january 1st, are some people cashing out now? >> well, wh
between the expiration of the bush tax cuts and higher taxes, for obamacare, the top capital gains rate will jump from 15% to 23.8, and listen to this: the top rate on dividends will jump from 15% to 43.4. how are, mr. sweeney, investors reacting to those possible, very stiff tax hikes? >> well, to that point, you want some clarity and whether the clarity comes in your personal economy at home, whether, you are a ceo or cfo of a corporation you want clarity how to spend the cash you have...
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Nov 24, 2012
11/12
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MSNBCW
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we have a little more than a month now to avoid triggering automatic tax increases, and massive budget cuts. one emerging point of contention, the president's signature affordable care act. in a cincinnati enquirer op-ed house speaker john boehner is calling for the law to be on the table in those negotiations. meantime a new political report says house republicans plan to vote next week on immigration legislation that would expand visas for foreign science and technology students. the plan would also make it easier for those with green cards to bring their immediate families to the u.s. >>> and this year's official christmas tree arrived at the white house friday with all the traditional fanfare atop a horse-drawn marriage. the 19 foot frasier fir is from north carolina. >>> joining me for more, white house correspondent for the hill, amy parnes. chief correspondent for mcclatchy newspaper steve selma. welcome to you both. >> thank you. >> steve, why don't you head on up here? i'm going to begin with amy. i want to read you part of speaker boehner's op-ed on fiscal cliff negotiations.
we have a little more than a month now to avoid triggering automatic tax increases, and massive budget cuts. one emerging point of contention, the president's signature affordable care act. in a cincinnati enquirer op-ed house speaker john boehner is calling for the law to be on the table in those negotiations. meantime a new political report says house republicans plan to vote next week on immigration legislation that would expand visas for foreign science and technology students. the plan...
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and regulation the first forty million of excise taxes under this under the amendment will actually go to a public school systems fund so people need to think about things like this as well whereas a lot of this money right now or all of this money is essentially going to drug gangs and cartels sixty thousand people were killed in mexico in the last six years based on drug violence this money is not going to their coffers any more it's going to be going to potentially public schools so i think that's a great thing we'll see what the feds decide to do on this eric holder has been in the past very critical of similar amendments and initiatives so we'll see if they come in crackdown but the people of colorado spoken and will be interesting to see if if we implement if we can implement it without a hitch. i don't think we have much time to get into this but i we did get to touch on it it's interesting that the banks apparently don't know what to do if they're allowed to allow marijuana growers or businesses to bank with them because they could be violating federal regulations about mone
and regulation the first forty million of excise taxes under this under the amendment will actually go to a public school systems fund so people need to think about things like this as well whereas a lot of this money right now or all of this money is essentially going to drug gangs and cartels sixty thousand people were killed in mexico in the last six years based on drug violence this money is not going to their coffers any more it's going to be going to potentially public schools so i think...
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catalonia is actually very wealthy it's a strong is portugal's but the fact is they give far more in taxes to the central government than they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward after mass will have to try and fulfil his election promise of holding a referendum on independence from spain as you mentioned did not get an absolute majority so he will not be able to push this through straightaway but luckily for him the second biggest party that was voted him was also pro independence so the feeling is they will be able to negotiate and between them they will have enough power to push through this referendum but the biggest sticking point for this referendum is that it is against the spanish constitution some commentators are saying it could actually lead to the arrest of aftermath he tries to push it through the spanish prime minister matter and one hundred has also said. that said he would be desperate to keep hold of one of the country's wealth the
catalonia is actually very wealthy it's a strong is portugal's but the fact is they give far more in taxes to the central government than they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward after mass will have to try and fulfil his election promise of holding a referendum on independence from spain as you mentioned did not get an absolute majority so he will not...
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Nov 26, 2012
11/12
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. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> you've got to raise additional revenues, including tax rates on the wealthy. >> those have to go up? >> they have to go up. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. now taxes are getting all the attention right now but these talks also need to address the federal debt limit. it's set by law at $16.4 trillion. the nation is already approaching the national debt of $16.3 trillion. nobody wants a repeat of that summer standoff we went through last year. >> certainly so. susan mcginness in washington this morning, thank you so much. >>> while washington is worried about the fiscal cliff it appears the average american is looking to spend. the holiday shopping season got started in record fashion thanksgiving night and the spending spree lasted through the weekend. according
. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> you've got to raise additional revenues, including tax rates on the wealthy. >> those have to go up? >> they have to go up. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. now taxes are getting...
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even to have its own sources of income it's only you taxes that of course is pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where they're going to get any more money. while europe's ruggles to find a common way forward some regions are looking for ways to go it alone in spanish cut the line and people are set to go to the polls to elect a regional government which could see a referendum on its independence artie's enter farmer has the details. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially aspirate independence is something people here have long felt in their hearts but now they're feeling it in their pockets. i t
even to have its own sources of income it's only you taxes that of course is pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where...
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Nov 25, 2012
11/12
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well, it's a $7 trillion mix of spending cuts and tax hikes. that is one of the biggest domestic problems facing the u.s., and the fiscal cliff is so critical that some economists worry it could throw the country back into a recession if congress and the obama administration just can't make a deal. for many americans, the idea of a fiscal cliff is a hard one to wrap their brain around, but my next guest says the brain may be exactly what is needed get washington out of this whole mess. he is david rock, co-founder and author of "your brain at work." good morning. >> good morning to you, radi, good to be here with you. >> i have a lot to get through with you, but you say that our brains are inherently wired to categorize other people in one of two ways. in groups and out groups. can you explain what that means? >> absolutely. it's an inle function, and we see it in many other animals, including mammals as well. it's not just an american thing or western thing. it's very much a part of who we are, to decide if everyone we're speaking to is on our
well, it's a $7 trillion mix of spending cuts and tax hikes. that is one of the biggest domestic problems facing the u.s., and the fiscal cliff is so critical that some economists worry it could throw the country back into a recession if congress and the obama administration just can't make a deal. for many americans, the idea of a fiscal cliff is a hard one to wrap their brain around, but my next guest says the brain may be exactly what is needed get washington out of this whole mess. he is...
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Nov 21, 2012
11/12
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cuts but the alternative minimum tax, talking about payroll taxes. we're talking with about the fix. so there are several things that would hit taxpayers. what the president has proposed and what i support is reducing taxes on 98% of the u.s. public and that is reducing taxes -- or keeping the tax cut in place for those who make less than $250,000. you know and i know that what tends to happen in these situations is at the last minute things get resolved. i don't think they will be resolved as big as tax reform, but i do believe we will resolve it and will not have to result in the united states going over the fiscal cliff. i think it would send a very dangerous significaal around th world, but it would also compromise our economy. >> and, quickly, there's a lot of speculation about what type of deal, what the deal will actually look like, talks perhaps coming to an agreement to have a mechanism in place that would have sizable deficit reduction and have sizable entitlement reform in 2013, a little bit now, a lot later. do you think it's possible in
cuts but the alternative minimum tax, talking about payroll taxes. we're talking with about the fix. so there are several things that would hit taxpayers. what the president has proposed and what i support is reducing taxes on 98% of the u.s. public and that is reducing taxes -- or keeping the tax cut in place for those who make less than $250,000. you know and i know that what tends to happen in these situations is at the last minute things get resolved. i don't think they will be resolved as...
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the people of spain's most prosperous and most taxed region will choose a new parliament on sunday their choice could ultimately decide whether catalonia will remain a part of spain or go it alone after being stricken by the financial demands of central government under farmer has the story. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially our spare independence is something people here have long felt in their hearts but now they're feeling it in their pockets. i think it's a good idea to be in the band them from. a country. which is in a really really bad situation is a bargain for. it's a bargain for the good of the cats and i'm flags can be seen hanging from balconies throughout barcelona reflecting a growing desire for home rule under a drive to break away from the central government in madrid this weekend's local election is being fought on that issue alone cattle and president mass has made it the centerpiece of his campaign this convergence union party to hold an indepen
the people of spain's most prosperous and most taxed region will choose a new parliament on sunday their choice could ultimately decide whether catalonia will remain a part of spain or go it alone after being stricken by the financial demands of central government under farmer has the story. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially our spare independence is something people...
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Nov 27, 2012
11/12
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anytime you reform the tax code, you're going to want to do it in a way that stabilizes the tax base. you're creating a more reliable, sustainable base. that might mean some americans pay more, but that doesn't necessarily amount to a tax increase, what you're trying to do here is to stabilize the revenue stream. when you say it doesn't amount to a tax increase in the aggregate, that obviously is the center of this whole issue, especially when it comes to the pledge i know you signed with grover norquist. he said i'm okay with closing loopholes, but it has to be revenue neutral. but everyone knows to get a deal done, it can't be neutral. are you open to a deal that is not revenue neutral? >> what i'm open to is the idea of acknowledging the fact that we can bring in on average 18.5% of gdp through our revenue stream. that's what our tax system is capable of doing in the united states. that remains a constant. whether or top rate is at 35% as it is now or 75% as it was back in the early 1980s. that's a relative concept. what i want is for us to produce a steady stream of 18.5% rather t
anytime you reform the tax code, you're going to want to do it in a way that stabilizes the tax base. you're creating a more reliable, sustainable base. that might mean some americans pay more, but that doesn't necessarily amount to a tax increase, what you're trying to do here is to stabilize the revenue stream. when you say it doesn't amount to a tax increase in the aggregate, that obviously is the center of this whole issue, especially when it comes to the pledge i know you signed with...
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region itself a rich pretty wealthy it has an economy the size of portugal's but it pays far more in taxes to the spanish government that actually receives back in terms of investment from madrid and that is something that annoys some people here unemployment is at around twenty five percent and also people are having to endure tough austerity measures at the moment but nothing is a done deal because after mass does need to record an absolute majority in order to be able to push through this referendum otherwise he would be forced to form some sort of coalition there is a sticking point to him that the referendum is actually against the spanish constitution in the spanish prime minister. has said he will fight it with some elements of the spanish media are actually saying that after mass could find himself arrested so nothing is clear cut at the moment and even though opinion polls do suggest that the majority of people are in favor of independence there is a strong lobby who are against separatism and their arguments are based on the economy too they say that if catalonia is forced withdr
region itself a rich pretty wealthy it has an economy the size of portugal's but it pays far more in taxes to the spanish government that actually receives back in terms of investment from madrid and that is something that annoys some people here unemployment is at around twenty five percent and also people are having to endure tough austerity measures at the moment but nothing is a done deal because after mass does need to record an absolute majority in order to be able to push through this...
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Nov 25, 2012
11/12
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KNTV
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rates or effective tax rates. >> reporter: tax begin this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> reporter: one ceo of honeywell said there's so much uncertainty hanging over the economy because business isn't confident that washington can go its basic job. he says people like me just aren't hiring. kate. >>> mike viqueira at the white house. senator john mccain softened his tone after vowing to block the nomination of u.n. ambassador susan rice to be hillary clinton's successor. he argued that rice damaged her credibility when she said the attack was a spontaneous protest to an anti-muslim video not a planned terror attack. today mccain was asked if he might change his mind about ambassador rice. >> i give everyone the benefit of explaining their position and the actions that they took. i'll be glad to have the opportunity to discuss these issues with her. >>> still ahead, sick and tired of being bullied on the road. how cyclists are taking matters into their own hands. >>> late
rates or effective tax rates. >> reporter: tax begin this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> reporter: one ceo of honeywell said there's so much uncertainty hanging over the economy because business isn't confident that washington can go its basic job. he says people like me just aren't hiring. kate. >>> mike viqueira at the white house. senator john...
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Nov 23, 2012
11/12
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FOXNEWSW
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your job, the pitch! whoa! so why are you doing his? only your doctor can determine if your persistent heartburn whoa! is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. talk to your doctor about the risk for osteoporosis-related bone fractures and low magnesium levels with long-term use of nexium. possible side effects include headache, diarrhea, and abdominal pain. other serio
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your...
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control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where they're going to get any more than money. but some regions are see europe's financial troubles as a reason to take a step away from the indebted countries spanish cut the lawn yet set to vote for its local government with separate as parties are to take the lead that's ahead for you after the shop break. which is slow often enough and knows that to ride a horse you've got to catch it first. for him it's a daily routine that you're soft as a force breeder on the island of a horn at the heart of. his life on an isolated farm is about blue sky green grass an
control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people...
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Nov 24, 2012
11/12
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tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an itemized list of his spending cuts he's prepared to put on the table before asking american people to pay taxes. i mean, it's simple. when you have a credit card debt and you don't ask other people to pay for it or you don't borrow money to pay the interest on it, you make hard choices on your discretionary spending from a weekly basis or a monthly basis, this is just a business that's been run poorly and it's-- >> would you agree the president doesn't have a terribly good track record when it comes for proposals for b
tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an...
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Nov 24, 2012
11/12
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CNNW
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the democrats have said we're not until you raise taxes. both sides are going to have to make a deal in the spring and it's going to involve everybody. >> let me ask you this, douglas. norquist said a number of times in defense of his position, look, what's wrong with saying to a politician, when you want my vote and you make a promise, you should keep that promise. what's wrong with saying that to either side about any topic? >> so, i think that there's nothing wrong with that. this is about making political commitments, something politicians have to and should do. my own preference is not written pledges, but in fact, people who say this is what i believe and follow through on it. i think one thing it did do is focus its attention, which is still under discuss. we have an enormous spending problem, it's about entitlement problem. what the president was forced some recognition that the threshold decision is to spend the money. >> ethan, your reaction to this whole idea that norquist keeps saying, it's about taxes for him, but also about po
the democrats have said we're not until you raise taxes. both sides are going to have to make a deal in the spring and it's going to involve everybody. >> let me ask you this, douglas. norquist said a number of times in defense of his position, look, what's wrong with saying to a politician, when you want my vote and you make a promise, you should keep that promise. what's wrong with saying that to either side about any topic? >> so, i think that there's nothing wrong with that....
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Nov 27, 2012
11/12
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the republicans who form a majority in the house of representatives are opposed to tax hikes. time is running out. both democrats and republicans have indicated a willingness to compromise, but business owners are skeptical. and many american business people are very concerned that the politicians will not accomplish certainty, and instead, they will blame each other and this will cause more uncertainty. >> especially when it comes to orders from the defense industry. i of the country falls over the fiscal cliff, huge cuts to the u.s. military budget will take place automatically -- if the country falls over the fiscal cliff. >> coming up, a new mozart interpretation that uses the latest in animation technology. >> but first, a roundup of stories making news now. the former israeli opposition leader has announced she will return to politics to lead a new party called the movement. the former foreign minister says the party will run in january elections. she described it as an alternative that will push for peace for the palestinians. >> in britain, at least two people have bee
the republicans who form a majority in the house of representatives are opposed to tax hikes. time is running out. both democrats and republicans have indicated a willingness to compromise, but business owners are skeptical. and many american business people are very concerned that the politicians will not accomplish certainty, and instead, they will blame each other and this will cause more uncertainty. >> especially when it comes to orders from the defense industry. i of the country...